Page 283 Advertisements Column 4

Hawke's Bay Times, Issue 1592, 10 July 1874, Page 283

value can be ascertained, a liberal advance will be made upon any Gold deposited for tho purpose of coinage. 6th. It is not intended by the Promoters that this Bank shall purchase Gold, but merely be prepared to make advances upon it until realized, in the same manner that it will be ready to do upon wool, grain, or other -produce. 7th. The amouut of New Zealand money in the three Banks from Australia, trading in the Colony on the 31st December-last as shown by their several returns furnished to the Government, appears thufy without giving odd numbers:— ■ Onion Bank of | .Deposit. Oir. Total. Australia J £870,000 £123.425 £993,425 Bank of New South Wales - 5(50,000 : 104,849 664,849 Bank of Australasia - 193,000 38,962 231,962 Showing a total of - - £1,890,236 Or nearly two millions of money belonging to colonists entrusted to Boards of Directors in Melbourne or Sydney, to control or manipulate, as it may please their tastes : or as it may be convenient for the good of commerce in Victoria or New South Wales; or for tho beneficial regulation of their exchange operations in those colonies. . , Bth. The Promoters, in placing the foregoing facts before the people of this Colony, desire to point out the very great disadvantages that colonists are sure to labor under by lending—or rather giving —such a large sum of money as stated above to foreigu Banks, to be lent back to the people here at very high rates of interest, and on mo?e arbitrary conditions. They, therefore, have no hesitation in suggesting the prudence and wisdom of the colonists keeping within their own" domain the absolute control of their own moneys; as by so doing they will most effectually destroy the risk in future monetary disturbances, which they have had on more than one occasion to deplore in the past, brought about solely by some crisis that has occurred in one or other of tho Australian Colonies, where the real 'interests of the foreign Bank most strongly take root. 9. It has been determined by the Promoters that the first issue of 200,000 Shares shall be conducted by Committees, to be appointed severally in the chief city in each Province ; and no Shares will he given or reserved for the Promoters ; but each member of the Provisional Committee is willing to become a subscriber for the number of shares standing opposite to his name. 0

10. It is proposed at the issue of Shares above referred to that 5s per Share bo paid on Application ; that 10s per Share be paid on Allotment; that a Call of ss. per Share be made and payable two months after Allotment; that a Second Call of 5s per Share be made and payable four months after Allotment; and that a Third Call of 5s per Share be made and payable six mouths after Allotmentmaking altogether 30s paid up per Share. No further Call to be made within twelve mouths of the Bank first commencing business iu Dunedin ; after which future Calls will not exceed 5s per Share, nor be made payable at shorter intervals than three months between each Call. 11. The Act of Incorporation for this Bank will be so framed as to limit the liability of the Shareholders to twice the amount of their Shares, the same as the other Banks. _ 12. As a thoroughly Colonial Institution, the Promoters have much pleasure in strongly recommending "The Colonial Bank of New Zealand" to the support of all Colonists having the real welfare of New Zealand at heart. Such an institution is much wanted at the present time ; and as the development of the Colony proceeds, its usefulness will also increase, and be more and more appreciated, both as an investment for the savings of the people, and as a useful Bank. Judging from the influence and sound experience possessed by the Promoting Members of Committee, it is certain that no similar institution has ever yet been launched in the Southern Hemisphere under better auspices. Forms may be obtained from, and Applications for Shares lodged with SAMUEL BEGG, Agent. Office—Tennyson-street. Opposite Church Lane. Form of Application for Shares. Date 187. To the Provisional Committee of the Colonial Bank of New Zealand. Gentlemen, —I hereby make application for Shares in the above Company ; and hand you herewith the sum of , being the amount of Five Shillings per Share deposit on the same ; and I agree to take the said Shares, or auy less number that may be allotted to me, and I further agree to subscribe to the Articles of Association when required to do so I am, Gentlemen, Yours truly, Signature Name in full Occupation Address , No Date received. * The Provisional Committee have already subscribed among themselves for 23.475 Shares, which they are prepared to take if allotted to them. BANK OF AUSTRALASIA. INCORPORATED BY ROYAL CHARTER. THE PUBLIC are hereby informed that an AGENCY of this BANK has been opened this day at WAIPAWA. THOS. BUCHANAN, Acting Manager. Napier, 26tli June, 1874. BANK OF AUSTEALASIA. • Incorporated by lloyal Charier. THE Public are hereby informed that a BRANCH of this BANK is now open at Napier, Hawke's Bay, at the co.rn.er of Hastings and Browning-streets, opposite the Post Office, under the management of Mr Thomas'Buchanan.' ', WM. H. PALMER, Assistant Inspector. , June 15th, 1874. Have For Sale, ex Late Arrivals, >ET TONS GRAVES' OAMARU iU FLOUR ,A BUSHELS CRUSHED 'U WHEAT.